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Melco Resorts Finance Limited Granted Waivers on Covenants within US$1.92 billion revolving Credit Facility due to Pandemic

Melco Resorts Finance Limited, the wholly-owned subsidiary of Melco Resorts & Entertainment that operates Macau integrated resorts City of Dreams and Altira Macau, says its lenders have agreed to waive certain financial condition covenants surrounding credit facilities secured earlier this year.

The waivers relate specifically to a HK$14.85 billion (US$1.92 billion) revolving credit facility secured from a syndicate of banks on 29 April aimed at providing extra liquidity to navigate the COVID-19 pandemic.

Ainsworth reports US$11mln loss for 6 months to Dec 31

Australia-based slot machine maker Ainsworth Game Technology reported year-on-year declines in both sales and profitability in the six month period ending December 31.

Total revenues stood at A$107.3 million, which was a 9 percent decline. Losses after taxes were -A$3.8 million, compared to a profit of A$12.1 million the previous year.